 Global treasury yields are boosted by solid data from China today. German 10-year yield hit at high as 0.104 and is now back at around 0.08. US 10-year yield breaches hit 2.614 and it's now trying to own 2.6 handle. These are both signs of improvements in market sentiments as stabilization in China's slowdown is a key factor for rebound in global economy in the second half. Though, such optimism is not much reflected in the overbought stocks, especially in the US. DOW just open the day flat, slightly in red. In the currency markets, Australian Dollar is a clear winner for most of the day. However, Canadian takes over as the strongest one after core CPI unexpectedly accelerated in March. Euro is the third strongest for now, shrugging off German government's growth outlook downgrade. New Zealand Dollar is the weakest one for today as poor CPI data raises the chance of an imminent RBNZ rate cut at next meeting. Swiss Franc is the second weakest, followed by Sterling, while UK CPI failed to accelerate. In the US, DOW is currently down -0.16%. S&P 500 is up 0.07%. NASDAQ is up 0.36%. 10-year yield is up 0.0030 at 2.599. In Europe, FTSE is up 0.04%. DAX is up 0.72%. CAC is up 0.66%. German 10-year yield is up 0.009 at 0.080. Earlier in Asia, Nikkei rose 0.25%. Hong Kong HSI dropped -0.02%. China Shanghai SSE rose 0.29%. Singapore Strait Times rose 0.50%. Japan 10-year JGB yield rose 0.01 to -0.01. |
No comments:
Post a Comment